Up 1.5 percent in the first three sessions this week, the S&P 500 probably has more gains in store in the sessions ahead. A crucial dual resistance is two percent away. Last week, for the first time in four weeks, … Continued
Equity bulls used the Yellen dip last Tuesday as an opportunity to add to risk, not reduce. The Fed is making sure liquidity remains plentiful, and the short end of the yield curve is cooperative. In this environment, VIX on … Continued
Last week’s excellent earnings results from five of the top six US companies were unable to lift equities, which had rallied big into the reporting season. With major equity indices extended on several timeframes, weakness could be brewing. The Nasdaq … Continued